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Porsche Shares Slide as Sportscar Maker Slashes Revenue Forecast

Porsche Shares Slide as Sportscar Maker Slashes Revenue Forecast

Shares of the German sportscar maker Porsche slid on Tuesday after the company slashed its full-year revenue forecast. The automaker warned that a snarled supply chain involving aluminum parts from a supplier could limit or even halt production of specific models.  Porsche now forecasts a return on sales between 14% and 15% for the year, down from its previous estimate of around 15% to 17%. The company faces a slowdown in sales in the Chinese market, driving global deliveries down 7% in the first half of the year. The company…

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